BKS/BNN on Bloomberg TV tomorrow morning. Plus ZD chart.
With the story unfolding in the media, let's see how long they can keep this baby down.
Below is a two week daily price list up to the IPO on the 31st.
Notice how even though the IPO was coming up in a matter of days the daily lows dipped into the 22's several times, even the day before the big spike to 29. Therefore, buy on dips to near 34 which seems to be our bottom now. Watch the volume because that's what will drive prices up. We had a poor volume day today. I know we can't exactly compare these two backdoor IPO stocks but if ZD = 2/3 of BKS we should be looking at the mid 40's as a top. Unlike ZD though I don't think BKS will plummet after the IPO. That's the good news.
03/15/99 1,254,100 23 15/16 22 5/8 23 1/2
03/16/99 1,558,500 25 1/4 24 25 3/16
03/17/99 3,054,500 28 3/8 25 1/2 26 13/16 *spike
03/18/99 1,672,300 26 15/16 24 3/4 25 13/16
03/19/99 1,372,900 26 3/16 24 3/16 24 7/8
03/22/99 1,463,400 26 15/16 25 1/16 26 1/2
03/23/99 1,404,300 26 7/8 24 1/2 24 7/8
03/24/99 1,604,400 26 22 5/8 23 9/16
03/25/99 1,439,000 26 24 5/16 25 3/8
03/26/99 1,191,700 25 5/8 24 1/2 24 5/8
03/29/99 3,096,800 25 7/16 22 3/8 23 11/16 *sell-off
03/30/99 6,376,500 29 22 11/16 28 5/8 * buy peak
03/31/99 6,982,500 28 1/2 20 3/8 21 1/2 *IPO date |
